offshore trusts
Overseas wealth vehicles
An offshore trust is a legal arrangement where assets are held by a trustee in a foreign jurisdiction, typically one with favorable tax laws or strong privacy protections.
People establish offshore trusts for estate planning, asset protection, or to reduce tax liability: The family's wealth was held in an offshore trust in the Cayman Islands.
The term often carries connotations of tax avoidance by the wealthy, though offshore trusts serve legitimate purposes.
- asset protectionSecuring owned resources legally
- tax havenZero-rate wealth jurisdiction
- tax dodgeStrategy avoiding payment owed
- Cayman IslandsCaribbean British overseas territory
- wealthAbundance of valuable resources
ultra wealthy · beneficiary · settlor · shell company · secrecy · estate planning · Swiss · numbered account · Jersey · inheritance · loophole · money laundering · hidden · Panama Papers · accounts · banking · confidential · foreign
offshore trustsliquid assets
Easily convertible wealth
checking accounts · savings accounts · accessible funds · personal accounts
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